New York City’s current property tax system is notoriously opaque, unfair, and regressive. For the past four decades, rather than dealing with its structural flaws, New York State has layered on a patchwork of exemptions and abatements to lower tax rates for various owners.
This report proposes the State adopt legislation that creates a new “Basement Resident Protection Law” to provide immediate physical and tenant protections to New Yorkers living in basement units, with clear rights and responsibilities for basement owners and dwellers...
This report looks at the progress since Mayor de Blasio’s overhaul of Build It Back, the impact of the recommendations outlined in One City Rebuilding Together, and the City’s plans to complete the Build It Back program.
The city’s diminishing stock of rent-stabilized apartments is highly sought after by prospective tenants because these regulated units often rent at below-market rates and offer a variety of tenant protections including the right to lease renewal.